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November 15, 2017 12:24 pm GMT

With $70M from Alphabet, United Masters replaces record labels

Record labels are obsolete. They haven’t kept up as music evolved from selling CDs to streaming songs to promoting concert tickets and merchandise. Labels were meant to help artists generate albums, fame, and money. But now anyone can record themselves and no one “buys” music. So today that requires being a technology company, combining analytics with hyper-targeted advertising. Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/V1v2sdqal7w/

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